SoFi’s Solana Surge: More Than Just a Coin

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Ah, the wonders of modern banking-where your savings can now be as volatile as a toddler’s mood, thanks to SoFi’s latest venture into the wild, wild world of cryptocurrency. Imagine that: a bank that’s not only a bank but also a crypto broker, because nothing says “trust us with your money” like a company that’s suddenly fluent in blockchain jargon.

  • SoFi now lets its 13.7 million customers deposit, buy, and hold Solana (SOL) directly from its banking app. Because nothing says “financial stability” like a cryptocurrency that’s currently worth about as much as a bag of expired chips.
  • This comes months after the launch of SoFi Crypto, which lets users manage multiple cryptocurrencies in one app with bank-level security. Because who doesn’t want to juggle Bitcoin, Ethereum, and Solana while also trying to remember if they paid their rent?
  • The bank is expanding blockchain use for faster transfers and stablecoin plans, which is just a fancy way of saying “we’re trying to keep up with the times.”

US-chartered bank SoFi is now letting its 13.7 million customers deposit, buy, and hold Solana (SOL) directly from its banking app. Because nothing says “safety” like a digital currency that’s more unpredictable than a politician’s promise.

SoFi 🤝Solana. Simple.

SoFi now supports @Solana network deposits! As the first national chartered bank where individuals can buy, sell and hold crypto, we’re helping you manage your SOL right in the SoFi app. Start now!

– SoFi (@SoFi) February 27, 2026

This means users can manage their Solana without leaving the SoFi app, alongside other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Because who needs a variety of options when you can just invest in one thing that’s guaranteed to crash?

Launching SoFi’s crypto services for users

According to previous reports, SoFi Crypto provides a platform built for safety and stability. The bank uses strong security and follows US banking rules to protect users’ crypto. Because nothing says “security” like a system that’s still figuring out how to spell “blockchain.”

The app also includes guides and simple lessons to help users understand how crypto works and make smart choices. SoFi reminds members that crypto is not FDIC-insured. Its value can go up or down, and it is possible to lose all the money invested. Which is just a fancy way of saying, “We’re not responsible for your financial ruin.”

Recent stablecoin launch

Shortly after SoFi Crypto, the bank also launched its own stablecoin, SoFiUSD, which is directly pegged to the US dollar. Because nothing says “trust us” like a digital currency that’s backed by U.S. Treasury bills, cash, and repurchase agreements with regulated institutions. Just don’t ask how that math works.

The stablecoin is built on the Ethereum blockchain as an ERC-20 token, which means that the majority of crypto wallets will be able to support the stablecoin. Because nothing says “compatibility” like a token that’s as versatile as a Swiss Army knife.

According to the CEO, Anthony Noto, “With SoFiUSD, we’re using the infrastructure we’ve built over the last decade and applying it to real-world challenges in financial services… to provide a safer and more efficient way for partners to move funds.” Which is just a longer way of saying, “We’re trying to sound important.”

Broader context

SoFi’s move to allow its customers to transact SOL on its platform is a step in combining regular banking with digital money. Because nothing says “innovation” like a bank that’s now a crypto platform, even if it’s just a fancy way to say “we’re trying to keep up with the times.”

Interest in digital assets among the company’s customers is also growing. SoFi recently reported that 60% of its members who own crypto prefer to use a licensed bank instead of a normal crypto exchange, highlighting that people trust the safety of the banks and clear regulation when handling their money assets. Which is just a roundabout way of saying, “We’re not a scam… probably.”

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2026-02-27 22:12